Quintiles Transnational Holdings Upgraded by Goldman Sachs Group Inc. to Buy (Q)
Quintiles Transnational Holdings (NYSE:Q) was upgraded by equities research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $58.00 price target on the stock, up from their previous price target of $50.00. Goldman Sachs Group Inc.’s target price points to a potential upside of 20.46% from the stock’s previous close.
Quintiles Transnational Holdings (NYSE:Q) traded down 1.69% during mid-day trading on Tuesday, hitting $48.15. 988,331 shares of the company’s stock traded hands. Quintiles Transnational Holdings has a 1-year low of $40.10 and a 1-year high of $50.49. The stock has a 50-day moving average of $45.72 and a 200-day moving average of $44.33. The company has a market cap of $6.208 billion and a P/E ratio of 32.12.
Quintiles Transnational Holdings (NYSE:Q) last announced its earnings results on Thursday, October 31st. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.04. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $952.14 million. Quintiles Transnational Holdings’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Quintiles Transnational Holdings will post $2.06 earnings per share for the current fiscal year.
In other Quintiles Transnational Holdings news, VP Derek Winstanly unloaded 60,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $50.00, for a total value of $3,000,000.00. Following the transaction, the vice president now directly owns 229,500 shares in the company, valued at approximately $11,475,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on Q. Analysts at Robert W. Baird raised their price target on shares of Quintiles Transnational Holdings from $3.00 to $55.00 in a research note to investors on Friday, December 20th. Separately, analysts at Deutsche Bank downgraded shares of Quintiles Transnational Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a $51.00 price target on the stock, down previously from $51.50. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.95.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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